American gaming merchandise company saw an unprecedented rise in its stocks that caught everyone s attention. Comedian Avalon Penrose explains the stocks surge in GameStop. | Photo Credit: Twitter
The business world is always characterized by constant ebbs and flows. However, when certain unprecedented scenarios take place, it shakes up stock markets around the globe.
An American gaming merchandise company called GameStop saw a rapid surge in its stocks that caught everybody s attention, especially of the day traders. The incessant rise in trading resulted in the company s value bumped up by more than $10 billion by Wednesday. From being just $2 billion back in December 2020, it has now worth $24 billion.